Grayscale’s ETH ETF Hopes Soar; Sparks Frenzy in Ethereum-Based Meme Coins–FLOKI, $MEDA, PEPE

• Grayscale is optimistic about the approval of the Ethereum ETF by the SEC in May.
• FLOKI’s price could reach $0.000784 in 2024.
• PEPE’s price could surge to $0.00003116 before the year’s end.
• Milei Moneda’s ($MEDA) presale grabs attention around Grayscale’s ETH ETF frenzy.

The anticipation surrounding a potential approval of Grayscale’s ETH ETF has fueled massive excitement among investors in recent Ethereum-based meme coins like FLOKI, Milei Moneda ($MEDA), and PEPE. These altcoins have seen huge gains and growing interest from traders in the aftermath of Grayscale’s application, which could open the floodgates for greater mainstream crypto adoption. Let’s explore why you should add these top crypto coins to your portfolio. 

Anticipation Grows for Grayscale’s Ethereum ETF Approval

Grayscale’s hopes for an Ethereum ETF have reached new heights as anticipation builds for its potential approval by the Securities and Exchange Commission (SEC) in May. Despite the SEC’s limited engagement with applicants, Grayscale remains optimistic due to the progress made in resolving crucial issues surrounding the launch of Bitcoin ETFs earlier this year. 

Craig Salm, Grayscale’s chief legal officer, emphasized the positive outlook in a recent post on X, highlighting the groundwork laid between the SEC and fund managers. With expectations on the rise, Grayscale’s ETH ETF aspirations are soaring, fueling excitement within the cryptocurrency investment community.

FLOKI’s Resilience Shines Amid Market Volatility

FLOKI has shown remarkable resilience in navigating the volatile market waves. According to CoinMarketCap data, FLOKI has experienced an impressive 326% price increase in the past month. Even more astonishing is its year-to-date (YTD) price chart, which indicates a staggering value surge of over 600%.

Building on this momentum, FLOKI has achieved a monumental feat by burning over 214,774,104,953 FLOKI tokens in March alone, equivalent to approximately $55,261,377.2. This extraordinary burn rate exceeds the combined burn rates of other leading meme coins such as DOGE, SHIB, PEPE, and BONK.

With a market cap of $2.3 billion and a healthy 24-hour trading volume, FLOKI has captured the attention of investors as one of the most promising altcoins to invest in the market. Consequently, market experts predict the price of FLOKI could reach $0.000784 in 2024. 

Investors Thrilled as Milei Moneda Gains Momentum 

The anticipation surrounding Grayscale’s ETH ETF approval has sent shockwaves through the cryptocurrency market, igniting a wave of excitement. As investors eagerly await the decision, the frenzy around these meme coins has reached new heights, with Milei Moneda emerging as one of the best cryptos to invest in the market.

Milei Moneda, a deflationary token built on the Ethereum blockchain, has strategically timed its presale to coincide with the mounting enthusiasm surrounding the potential launch of Grayscale’s ETH ETF. With a fixed supply of 500,000,000 tokens, Milei Moneda places a strong emphasis on security, liquidity, and community governance, aiming to provide an engaging and entertaining experience for its members.

Investors are now flocking to participate in Milei Moneda’s ongoing public presale, captivated by the project’s ambitious target price of $0.020 upon its official launch on Uniswap, scheduled for May 21. This projected altcoin price represents a staggering 100% increase from the presale Stage 1 price of $0.010, underscoring the immense growth potential that $MEDA holds.

PEPE Defies Market Pullback With Impressive Rally

The price of PEPE has experienced remarkable growth, climbing 167% over the past 30 days to reach a new all-time high (ATH). While it saw a temporary pullback due to the broader market correction, PEPE’s trajectory suggests the likelihood of a further decline may be fading. 

Recent data from blockchain analysis firm LookOnChain uncovered astonishing statistics highlighting PEPE’s popularity among cryptocurrency whales. Notably, one prominent whale reportedly acquired approximately 600 billion PEPE coins from the Binance exchange, further cementing the coin’s widespread appeal.

As PEPE’s trading activity continues to increase, many crypto analysts remain optimistic about its prospects. They forecast that the price of  PEPE could pump to $0.00003116 before the end of 2024. 

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